European Commission spokeswoman: Britain will be the biggest loser in case of no-deal Brexit
A spokeswoman for the European Commission recently told reporters that Britain will be the biggest loser is the UK were to leave the EU without a deal.
"The EU is prepared for all eventualities, a no-deal Brexit is never the EU's prefered scenario," the spokeswoman added. "The EU sees no need for further measures to prepare for a no-deal Brexit."
Earlier in the session, opposition Labour Party's leader Jeremy Corbyn voiced his commitment to stop a no-deal Brexit.
At the moment, the GBP/USD pair is losing 0.2% on a daily basis at 1.2125.